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20121116
20121116
Search Results 0 to 9 of about 10 (some duplicates have been removed)
and speaker boehner agrees to a rate hike, not just limiting deductions and that sort of thing, what would you think? >>guest: i don't think he will agree to a rate hike. what you are looking at is closing loopholes and limiting deductions and getting revenue from growth combined with entitlement reform and better spending control. >>neil: if it is a rate hike you would not be for that because the president argued earlier this week he doesn't think the numbers are there to get as much from closing loopholes, allowances and the rest than a simple hike in the rate? >>guest: the reality is to get revenue, you need economic growth and by raising rates you hurt economic growth by closing loopholes limiting deductions you make sure that wealthy people pay their fair share. >>neil: you can get a like amount of money from that, senator, than just raising the rate itself? >>guest: that is the real chance to get revenue because you have the kind of tax reform that will stimulate economic growth. if our economy doesn't grow you will not have more revenue even if you raise rates. that combined with spendi
. rich: they are not offering very many specifics this early on. we do have a ways to go. john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each other. this is not something we will wait until the last day of december to get it done. rich: they met for a little longer than an hour here at the white house. much of the talk was positive. there really is not anything close to specifics right now coming from anyone in all of this. here he read and nancy pelosi really did not mention entitlement at all. rich o'connell highlighted the fact that his conference in the senate believes that this country does not have a taxing problem, it has a spending problem. there are still
's about to happen in this building in an hour from now. speaker boehner, senator mcconnell, senator reid, democratic leader pelosi, all will come here and speak for a couple hours. day one of negotiations. nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that we've heard so much about all week long is that for real or are talks going to break down in early stages? the market specifically is going to depend on that tone today and we'll bring that live when the meeting happens a little after 10:00 a.m. >> we've seen reaction of futures to the possibility of a deal. we've been down for six of the past seven days but the dow this morning implied open is up 33 points. sapp looks s&p looks to add fiv. here we have italy down three-quarter percent and mixed bag for the rest. carl? okay. we're going to go to the road map this morning. that is where carl is in washington d.c. reports this morning that hard decisions surrounding deficit reduction could be kicked down the road until 2013 in favor of a s
of the house, john boehner, by john mccain's own bff in the senate, joe lieberman, he also disagrees with mr. mccain on this. same goes for susan collins of maine who did go to the classified briefing yesterday and noted publicly that john mccain was not there. even though it was his committee. mccain's special investigation idea was also shot down today by republican senator richard burr who said, quote, i think you've got to allow the structure we have of oversight to function and i think the intelligence committee is more than capable of handling this. in other words, the senate is getting information so maybe we should, you know, get information instead of continuing to scream on tv about not getting information. here's how you know when somebody is being disingenuous. when they demand something and then you give them that thing that they just keep demanding about and they pretend that you're not giving it to them and they just keep making the demand anyway as if it hasn't been met. john mccain obviously sees some advantage somewhere in continuing to scream on tv about the fact he's not
there. >>> next, john boehner was re-elected yesterday for a second term as speaker of the house, but georgia congressman louis gohmert, an original charter member of the birther crowd, had a different candidate in mind. who do you think he nominated? newt gingrich for speaker right now. you don't technically actually have to be a house member to be speaker of the house, but it's been the rule historically. by the way, boehner's word to gohmert after the vote, "louie, i love you too." >>> finally this one. after the election we heard certain ceos were threatening to fire employees if president obama won the election. some are going through with it. robert murray, ceo of the coal company that ordered employees to attend a rally with mitt romney, laid off 156 employees the day after the election. nice guy. john schneider, ceo of papa john's pizza chain, says he will be cutting employee hours to avoid costs associated with obama care. finally, john metz, ceo of several denny's franchises, says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't
standing next to john boehner? >> and mitch mcconnell -- >> and mitch mcconnell by the way. right. >> the president is in a different position now. re-elected by a pretty impressive margin than he was the last time he tried to forge a deal that collapsed. >> right. that was the debt ceiling. he had a real problem with that with the grand bargain. he also had after the 2010 midterms when he had a lame duck session of congress and he had to give on keeping the tax cuts for the wealthy. this is a president right now who believes he's got some leverage. he got re-elected. and these are republicans who are trying to figure out just who they are andy ds sun the president's press conference earlier this week, he's somebody who studied the flaws of a e d i make some progress without overreaching. it's very clear they're worried at the white house about doing some overreach here. if he can get a fiscal deal done, that will be very, very important for his legacy in the long-term. and he knows it. >> are the republicans operating from the same game plan? >> no. i think they're not. i mean,
Search Results 0 to 9 of about 10 (some duplicates have been removed)